They are forecasting operating expenses to drop even further compared to previous guidance.
From $35m in Q1 FY23 down to $25m/qtr by Q3/Q4 FY24.
Operating expenses in FY23 were $140m against revenue of $123m.
Moving forward operating expenses expected to be circa $100m a year (huge 40% drop) against expected FY24 revenue of $123- $130m.
They are forecasting operating expenses to drop even further...
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